Elon Musk’s artificial intelligence startup already depends on Nvidia’s chips. Now the reliance stands to become more extreme.

Dell (DELL) reported fiscal fourth-quarter earnings that exceeded analysts’ expectations, as the PC and server maker benefitted from growing demand for artificial intelligence infrastructure. Dell posted adjusted earnings of $1.

Dell Technologies is reportedly nearing a $5 billion deal to provide xAI with servers optimized for artificial intelligence work.

Dell Technologies is nearing a deal worth more than $5 billion to provide Elon Musk's xAI with servers optimized for artificial intelligence work, Bloomberg News reported on Friday, citing people familiar with the matter.

Dell Technologies Inc. is in advanced stages of securing a deal worth more than $5 billion to provide Elon Musk’s xAI with servers optimized for artificial intelligence work.

Dell Technologies Inc. could sell more than $5 billion worth of artificial intelligence servers to xAI Corp., Bloomberg reported today. The paper’s sources said that discussions about the potential deal are in an advanced stage.

Dell Technologies Inc. is seeing its backlog swell thanks to new deals with xAI, Elon Musk’s artificial-intelligence company, and other AI players. While Dell ended its fiscal year with a $4.1 billion backlog for AI servers,

Dell Technologies forecast annual profit above Wall Street estimates on Thursday, while projecting full-year revenue that was in line with market expectations, in a sign of intense jostling in the AI server market.

DELL Technologies gave a full-year profit outlook that topped estimates and said it had booked large deals for artificial intelligence (AI) servers, stoking optimism the company is poised for long-term growth during the AI boom.

Dell Technologies showcased robust earnings performance, exceeding EPS estimates despite missing revenue estimates.